SiriusPoint reported its third‑quarter 2025 results, showing a core combined ratio of 89.1%, an improvement from 90.9% in the prior quarter. Consolidated underwriting income reached $91.4 million, while core underwriting income was $69.6 million.
Gross premiums written rose 26% year‑over‑year to $871.6 million, and net premiums earned increased 17.8% to $647.7 million. The attritional loss ratio improved by 1.8 points, the expense ratio was 6.5%, and the company recorded its 11th consecutive quarter of underwriting profit.
The Insurance & Services segment generated $47.8 million in segment income, and the Reinsurance segment produced $31.9 million in underwriting income. No catastrophe losses were reported for the quarter.
SiriusPoint completed the sale of ArmadaCare to Ambac for $250 million, realizing a pre‑tax gain of $220‑$230 million, and sold Arcadian MGA to Lee Equity Partners for $139 million, with a pre‑tax gain of $25‑$30 million. These transactions are expected to unlock approximately $1.75 per share in shareholder value.
Comparing to the prior year, Q3 2024 net income was $5 million with an underlying net income of $89 million, while Q3 2025 net income rose to $86.8 million. Management highlighted disciplined underwriting and a focus on core operations as drivers of the improved results.
SiriusPoint will discuss the results and outlook at a webcast scheduled for 8:30 a.m. Eastern Time on Friday, October 31.
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